EY Special Tax Alert No. 15/2020 – Updates to IRB’s FAQs on tax matters during the MCO and CMCO period, and certain proposals in the Economic Stimulus Packages

EY is pleased to share their Special Tax Alert No. 15/2020. This edition covers:

•       Frequently Asked Questions on Tax matters during the Movement Control Order and the Conditional Movement Control Order period – updated on 29 May 2020

•       Frequently Asked Questions on Special Tax Treatment to Financial Institutions in relation to moratorium granted to customer

•       Stamp duty exemption on the instrument of loan or financing agreement relating to the restructuring or rescheduling of a business loan or financing executed between a borrower or customer and a financial institution